Bridgetown Holdings Limited (BTWNU) Prices $550M IPO


Bridgetown Holdings Limited (BTWNU) Prices $550M IPO

Bridgetown Holdings Limited announced the pricing of its $550 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “BTWNU” today, Friday, October 16.

The new company aims to combine with a target in Southeast Asia from the technology, financial services or media sectors. Bridgetown is led by CEO, CFO and Director Daniel Wong alongside Chairman Matt Danzeisen.

Total SPAC deal count for 2020 year-to-date is now 143 with $55.12 billion in gross proceeds raised. This offering is expected to close on Tuesday, October 20.

UBS Securities LLC and BTIG, LLC are serving as joint book running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.